Dubai's Stock Market falls 7.3 per cent

Pranab expresses confidence on 7 per cent economic growth

Happy with the high growth in the second quarter, Finance Minister Pranab Mukherjee on Monday expressed confidence that the economy will grow by over 7 per cent this fiscal. Taking to reporters, he said, the stimulus given to the industry to combat the impact of the global meltdown is paying dividen...

Nathula trade concludes

G-20 countries played a pivotal role at WTO: Commerce Minister

Commerce and Industry Minister Anand Sharma has said that the G-20 countries have played a pivotal role in driving the agenda of the agriculture negotiations at the WTO. Addressing the ministerial meeting of the grouping in Geneva on Sunday, the minister also appreciated the concerted efforts of the...

BSE Sensex up by 294 points

Lifted by stronger-than-expected GDP growth data, the Sensex at the Bombay Stock Exchange surged 294 points, or 1.8 per cent, to close at 16,926, on Monday. Easing concerns over the Dubai debt crisis and firm Asian bourses also improved market sentiment. The Nifty at the National Stock Exchange spur...

Rupee up 25 paise at 46.39 a dollar in early trade

The rupee strengthened by 25 paise to 46.39 against the US dollar in early trade on hopes of fresh capital inflows into equity in line with firming trends on other Asian markets.Dollar's losses against other currencies too supported the Indian rupee.At the Interbank Foreign Exchange (Forex)...

India proposes to invest 6.5 billion US Dollars to develop gas fields in Iran

India on Monday proposed to invest 6.5 billion US Dollars to develop gas fields in Iran and sought more liquefied natural gas from Teheran. At the same time, India asked Iran to honour the 2005 LNG import deal and ensure secured supplies of gas through the Iran-Pakistan-India pipeline. In the first ...

Dubai stockmarket plunges over near 6 percent

IMF welcomes UAE's move to address Dubai crisis

The International Monetary Fund has welcomed the decision of the United Arab Emirates to come to the rescue of its banks in Dubai , the IMF said in a statement that it is monitoring the situation that took the world market by surprise.The IMF said it look forward to further clarification by the auth...

Impact of Dubai crisis begins on Indian workers

Dubai crisis has started showing its impact on the Indian workers working there in several fields, specially in real estate sector. AIR Lucknow correspondent reports that several workers from Uttar Pradesh have received very shocking messages from their respective companies.In several districts of w...